XRP: 2 of 3 Conditions Met Before 580% Surge...A Warm-Up Before the Explosion?

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Analysis suggests that XRP has once again met two of the three conditions that appeared just before its 580% surge in November 2024, drawing market attention to the final rebound condition.

According to The Crypto Basic on May 27 (local time), XRP fell by over 13% due to selling pressure after hitting a high of $1.54 earlier this month. However, this correction was identified as a similar pattern to the second of the three conditions that appeared before XRP's 580% surge in November 2024.

Cryptocurrency analyst Mikybull presented this pattern in a recent XRP price analysis. XRP is currently trading at $1.3295, down 13.6% from its short-term high of $1.54 recorded on May 14. Although the weekly chart shows two consecutive red candles since May 11, Mikybull's chart suggests that this decline could be a retesting process of a breakout line that appeared before past major rallies.

The first condition before the November 2024 surge was the breakout of a downtrend line that had prevented XRP from rising for 12 months. This trendline formed after XRP fell from a high of $0.92 in July 2023, and XRP broke through this trendline by recovering to $0.63 in July 2024. The second condition was the process of retesting the broken trendline. At that time, XRP rose above $0.6, then corrected to the lower $0.5 range, confirming the support of the breakout line.

The third condition was a strong upward movement that appeared after the reconfirmation of the breakout line. According to Mikybull, after this process, XRP rose from $0.5 in November 2024 to $3.4 two months later, recording a 580% rally. This time too, after being pushed down from a high of $3.6 in July 2025, XRP formed another downtrend line along the lower highs, and broke through this trendline during a 6% weekly rise earlier this month, fulfilling the first condition.

Subsequently, XRP rose to $1.54 before falling again amid a general cryptocurrency market correction, and The Crypto Basic reported that this correction corresponds to the second condition. Mikybull stated, “The next phase will be a bullish move.” According to the article, the weekly Moving Average Convergence Divergence (MACD) also shows a similar structure to that just before the November 2024 rally.

However, there is no guarantee that the same pattern will necessarily repeat. If XRP rises 580% from its current $1.3295, the price could reach approximately $9, but if it fails to defend the breakout line, it could fall back below the downtrend line. Another analyst, Ali Martinez, pointed out that XRP has fallen below the midline of its monthly parallel channel, and if it fails to recover that level, it could drop to $0.73.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*